Under the Perpetual Inventory System,the Entry to Record a Purchase

question 42

Multiple Choice

Under the perpetual inventory system,the entry to record a purchase return would include a credit to which account?

• A)Merchandise Inventory
• B)Purchases Returns and Allowances
• C)Accounts Payable
• D)Sales

---

Definitions:

Innominate Artery

Another term for the brachiocephalic artery, which is a major blood vessel that supplies blood to the right arm and the right side of the head and neck.

External Carotid Artery

A major artery that supplies oxygenated blood to various facial and cranial structures.

Median Antebrachial

The median antebrachial vein is a vein that runs along the medial aspect of the forearm and is involved in the drainage of blood from the arm.

Median Cubital

A vein located in the cubital fossa of the arm, commonly used for venipuncture to draw blood or administer intravenous medications.